Extremely evocative. It might be even better than your Hobbit illustration #4, which first led me to your work, thanks to the recent Tolkien feature. Makes for a convincing depiction of the harshness of the journey to Erebor : cold, mud, vile weather, no Evangeline Lilly to cheer things up. The real thing.
The amazing part about this piece is not how stunning it is to look at, but how well every bit is done. Being a horse person I truly appreciate how well the horse is done. Then the water and its interaction with the first horse is incredible. In addition to that the people are impeccable!